AVP, Audit Manager, Risk and Capital Management Audit

Singapore, Singapore
Jan 26, 2023
Feb 10, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

If you have a passion for numbers and financial models, is keen to specialize in the audit of risk management practices and prefers to work in an agile environment, you are who we are looking for.
We are an audit team with the Bank's Group Audit function that provides independent assurance to ensure that the Bank effectively achieves its objectives against the established risk appetite. The team was set to focus on reviewing the controls over the Bank's risk and capital management processes, guided by the applicable regulatory standards and industry best practices. Its audit universe includes reviewing of control processes for the management of the Bank's credit, market, liquidity, climate-related risks, as well as related processes on new product risk assessment, risk data aggregation and reporting, capital adequacy management, and recovery and resolution planning. A risk-based approach is used to develop the audit plan, design the audit engagements, and provide recommendations to improve the effectiveness of the systems of internal controls.

Key Responsibilities:

  • Perform regular analytical reviews to gain an understanding of the business developments and identify potential areas of concerns to facilitate audit plan;
  • Participate in the conduct of the audit engagements, which entail interviews and walkthroughs with the audit clients, as well as selected testing of key controls;
  • Substantiate and document the basis for recommendations to improve process designs and control effectiveness; and
  • Communicate effectively the audit opinions and recommended action plans to the audit clients.

The ideal Candidate will meet the following requirements:
  • Have a strong sense of integrity and responsibility
  • Demonstrate agility and be open to adapt to the constantly changing landscape
  • Be a good team player
  • Be meticulous and analytical, with deep knowledge of financial models and quantitative methods; data analytics and basic programming skills will be preferred
  • Have a good appreciation of risk and control practices, and be familiar with applicable regulatory standards, in particular, the Basel Framework
  • Have effective communication skills, both in writing and in engaging with the audit clients
  • Possess a degree and professional certification, such as CIA, CMA, FRM, CFA will be a plus. Prior audit experience is not a must.

At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.

*We regret that only shortlisted Candidates will be notified.
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